CheckMate is a simplified hospitality payment system that streamlines the process for both consumers and service staff. The system was created by Ohio-based entrepreneur Mitchell Vargo who was frustrated with slow traditional payment systems at restaurants.
The user-friendly mobile app allows customers to immediately pay upon a server closing the bill with an integrated billing system. The concept is simple -- customers enter a restaurant and notify their server they have a tab open on CheckMate. The server verifies their identification and uses the CheckMate POS system to place their order which users confirm on the app. The app also allows users to easily divide bills among friends.
The CheckMate POS system is targetted towards Millennials and Gen Z who are looking for streamlined, digitized systems to simplify their daily interactions.
Simplified Hospitality Payment Systems
CheckMate Streamlines Payments for Customers at Restaurants
Trend Themes
1. Simplified Payment Systems - Opportunity for businesses to develop streamlined payment systems for customers in various industries, improving customer experience and reducing frustration.
2. Mobile Payment Apps - Developing user-friendly mobile payment apps can increase engagement with younger generations and provide a more efficient payment process for all customers.
3. Integrated Billing Systems - The development of integrated billing systems can greatly enhance the payment processing experience for both customers and service staff in the hospitality industry and beyond.
Industry Implications
1. Hospitality Industry - There is a growing trend towards digitized payment systems in the hospitality industry, which presents an opportunity for the development of innovative payment platforms.
2. Retail Industry - The development of simplified payment platforms within the retail industry can greatly enhance the customer experience by reducing wait times and frustration.
3. Consumer Banking Industry - The rise of mobile payment apps presents an opportunity for the consumer banking industry to integrate payment systems into their existing mobile apps.